From Vancouver to China, Montreal’s 360 VOX Corporation appears to be putting itself on the map.
In late September, the global real estate giant announced it is partnering with Beijing Chief Orient Investment Management Co. Ltd. to develop a master plan for a Chinese city of more than 250,000.
And in the same week, 360 VOX released news it was teaming up with Paragon Development Ltd. and Dundee Corporation to create a “world class urban resort” in Vancouver’s entertainment district.
In China, the firm will team up with Beijing Chief Orient to provide envisioning, master planning and economic analysis services for a new community development in Miyun County, Beijing.
Master complex development plan
Included among the services are the creation of a vision for a master complex development plan, and the preparation of a master plan that will cover a diverse range of uses. The latter will include urban neighborhoods, a science and technology park, an assisted living project, and an education park.
Also included in the master plan are a sports and recreational facility, commercial and residential areas, a hotel, meeting and conference facilities, tourism amenities and luxury real estate.
In Vancouver, the company said it has signed “certain agreements” and that pending regulatory approval, plans to design, develop and operate a $535-million urban resort adjacent to BC Place.
The new development will feature two luxury resort hotels, a conference centre, restaurants, retail space and a new home for the existing Edgewater Casino. The resort is expected to open at the end of 2016.
Dundee Corporation, 360 VOX’s largest shareholder, will assist with financing and related expenses, while Paragon will provide gaming expertise.
According to the Vancouver Sun, Paragon’s first attempt to place a casino in the BC Place lands redevelopment was quashed following opposition from a grassroots movement that rejected the proposal for 1,500 slots and 150 tables.
The Sun said this time around Paragon is downplaying the gambling in favour of repositioning the development as an entertainment-focused resort.
The new proposal would employ the 600 slot machines and 75 gaming tables from the Edgewater Casino currently at the Expo 86 site on False Creek.
The facility, covering roughly 675,000 square feet, would support an estimated 2,000 new and ongoing jobs, 360 VOX said in a statement. The company also estimates the urban resort would generate $180 million annually for the local economy with visitor spending outside the resort adding another $87 million.
360 VOX offers a wide portfolio of services through a number of different companies. The firm is involved in real estate investment and development, hospitality management, sales and marketing, and asset management.
One of the firm’s best-known companies is Sotheby’s International Realty Canada.